Once the TPG deal closes, Wind River president Jim Douglas will lead the independent company.

Intel’s initial rationale for acquiring Wind River was to be more involved with embedded devices. Wind River was one of Intel’s early efforts to diversify into software.

Wind River has become a key player in the industrial Internet of things, edge computing and the broader device market. Large customers include Boeing, NASA, Huawei, Siemens, and Northrop Grumman. TPG partner Nehal Raj said Wind River will be independent and the plan is to “build on its strong foundation with investments in both organic and inorganic growth.”